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Crop condition looks good

The U.S. corn and soybean crops are looking good, with a few exceptions.

In this week’s “Crop Progress” report, the USDA says 72 percent of the corn fields in the top 18 corn-growing states are in “good” to “excellent” condition. That is about the same as the previous week, but ahead of last year at this time. There are, of course, some exceptions. In Texas, only 35 percent of the crop is rated “good” or “excellent.”

Meanwhile, as of June 28, 68 percent of the soybean crop was rated in “good” to “excellent” condition. Last year at this time, 58 percent of the crop rated “good” to “excellent.” As of June 28, 96 percent of the crop was planted, which is closing in on the five-year average of 98 percent. Ninety-one percent of the crop has emerged, compared to 84 percent the previous week. That also is down versus the five-year average of 95 percent.